Report Update Nov 1, 2024

Kuwait - Phthalic Anhydride, Terephthalic Acid and Its Salts - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Market for Phthalic Anhydride, Terephthalic Acid And Its Salts 2024

Market Size for Phthalic Anhydride, Terephthalic Acid And Its Salts in Kuwait

In 2021, the Kuwaiti market for phthalic anhydride, terephthalic acid and its salts decreased by -16% to $X, falling for the third year in a row after two years of growth. Overall, consumption recorded a deep downturn. Phthalic anhydride and terephthalic acid consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Exports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Exports from Kuwait

In 2017, the amount of phthalic anhydride, terephthalic acid and its salts exported from Kuwait totaled X tons, almost unchanged from 2016. Overall, exports faced a drastic downturn. The smallest decline of 99.9% was in 2013. The exports peaked at X tons in 2012; however, from 2013 to 2017, the exports stood at a somewhat lower figure.

In value terms, phthalic anhydride and terephthalic acid exports totaled $X in 2017. In general, exports saw a dramatic descent. The smallest decline of 99.9% was in 2013. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2017, the exports failed to regain momentum.

Exports by Country

Pakistan (X tons) was the main destination for phthalic anhydride and terephthalic acid exports from Kuwait, with a approx. 100% share of total exports.

From 2012 to 2017, the average annual growth rate of volume to Pakistan amounted to -19.0%.

From 2012 to 2017, the average annual rate of growth in terms of value to Pakistan stood at -32.8%.

Export Prices by Country

In 2017, the average export price for phthalic anhydride, terephthalic acid and its salts amounted to $X per ton, approximately equating the previous year. Overall, the export price recorded a deep downturn. The most prominent rate of growth was recorded in 2013 when the average export price decreased by 99.9% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2017, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Pakistan.

From 2012 to 2017, the rate of growth in terms of prices for Pakistan amounted to -17.0% per year.

Imports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Imports into Kuwait

In 2021, overseas purchases of phthalic anhydride, terephthalic acid and its salts decreased by -30.6% to X tons, falling for the third consecutive year after three years of growth. Over the period under review, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of 198% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, phthalic anhydride and terephthalic acid imports shrank to $X in 2021. In general, imports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2017 with an increase of 257% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Taiwan (Chinese) (X tons) constituted the largest supplier of phthalic anhydride and terephthalic acid to Kuwait, accounting for a 48% share of total imports. Moreover, phthalic anhydride and terephthalic acid imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Iran (X tons), threefold. The third position in this ranking was taken by India (X tons), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Taiwan (Chinese) stood at +11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (+13.0% per year) and India (-11.5% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of phthalic anhydride, terephthalic acid and its salts to Kuwait, comprising 47% of total imports. The second position in the ranking was taken by Iran ($X), with a 16% share of total imports. It was followed by India, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Taiwan (Chinese) totaled +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (+18.9% per year) and India (-15.9% per year).

Import Prices by Country

The average import price for phthalic anhydride, terephthalic acid and its salts stood at $X per ton in 2021, growing by 30% against the previous year. In general, the import price, however, continues to indicate a noticeable shrinkage. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from South Korea ($X per ton) and Pakistan ($X per ton), while the price for Iran ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+5.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for phthalic anhydride, terephthalic acid and its salts in the world?

The countries with the highest volumes of in 2021 were China, India and the United States, with a combined 39% share of global consumption. These countries were followed by Pakistan, Turkey, Taiwan Chinese), Russia, Brazil, South Korea, Indonesia, Mexico, Vietnam and Oman, which together accounted for a further 31%.

What are the largest producers of phthalic anhydride, terephthalic acid and its salts in the world?

China constituted the country with the largest volume of phthalic anhydride and terephthalic acid production, accounting for 22% of total volume. Moreover, phthalic anhydride and terephthalic acid production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. The third position in this ranking was occupied by India, with a 7.3% share.

What are the leading suppliers of phthalic anhydride, terephthalic acid and its salts to Kuwait?

In value terms, Taiwan Chinese) constituted the largest supplier of phthalic anhydride and terephthalic acid to Kuwait, comprising 50% of total imports. The second position in the ranking was occupied by South Korea, with a 22% share of total imports. It was followed by India, with a 17% share.

What is the average export price for phthalic anhydride, terephthalic acid and its salts in Kuwait?

In 2017, the average export price for phthalic anhydride, terephthalic acid and its salts amounted to $694 per ton, approximately mirroring the previous year.

What is the average import price for phthalic anhydride, terephthalic acid and its salts in Kuwait?

The average import price for phthalic anhydride, terephthalic acid and its salts stood at $1,069 per ton in 2021, increasing by 28% against the previous year.

This report provides an in-depth analysis of the market for phthalic anhydride and terephthalic acid in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20143430 - Phthalic anhydride, terephthalic acid and its salts

Country coverage:

Kuwait

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kuwait
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023